WELSPUN INDIA LTD. - Assignment of Credit Rating

Welspun India Ltd has informed BSE that Welspun India Ltd has been assigned a Long-Term Issuer Rating of "IND AA-" (Outlook Stable) by India Ratings, a Fitch group Company. Instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.